Wednesday, May 06, 2020

CC trade 05/06/2020

This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

            $457.40 self-imposed May trading limit.
            2% of $457.40 = $9.15 May profit needed.

     Monday (05/04/2020) I bought 4 CC (Chemours Company) @ $10.75 and today (05/06/2020) I sold 4 CC @ $13.45.

           $53.80...…......sold 4 CC @ $13.45
           $43.00...….bought 4 CC @ $10.75
           $10.80 total profit

          $10.80 / $43.00 = 25.11% ROI

     Turn over enough rocks and you will find winners like this one. Less than 10% invested ($43 of $457) and our return excessed our 2% overall account monthly goal. This is why you don't put all your money in one stock. Had all on money been tied up in my under performing stocks, I could not have purchased this one.

    I take my profits and move on. The $10.80 profit will not be available until next month (my money management style) but the purchase price of $43.00 will be re-invested when it settles on Friday.

Disclaimer, I am not a professional
your comments are welcome and appreciated or
e-mail...…..   1948modelblog@gmail.com


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